Brookdale Senior Living (NYSE:BKD) Stock Rating Reaffirmed by Macquarie

Brookdale Senior Living (NYSE:BKD)‘s stock had its “outperform” rating restated by equities research analysts at Macquarie in a report released on Tuesday, Benzinga reports. They currently have a $8.00 price objective on the stock. Macquarie’s price target points to a potential upside of 20.85% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Monday, August 12th. StockNews.com lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.67.

Brookdale Senior Living Trading Up 0.3 %

Shares of BKD stock opened at $6.62 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. The business has a 50-day moving average price of $7.03 and a two-hundred day moving average price of $6.92. Brookdale Senior Living has a 12-month low of $3.62 and a 12-month high of $8.12. The firm has a market cap of $1.28 billion, a P/E ratio of -8.60 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The firm had revenue of $777.54 million for the quarter. During the same period in the prior year, the business posted ($0.15) earnings per share. Equities analysts anticipate that Brookdale Senior Living will post -0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Diversified Trust Co increased its holdings in Brookdale Senior Living by 4.8% during the 1st quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock valued at $261,000 after purchasing an additional 1,811 shares during the period. ProShare Advisors LLC increased its holdings in Brookdale Senior Living by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock valued at $221,000 after purchasing an additional 2,637 shares during the period. Mackenzie Financial Corp increased its holdings in Brookdale Senior Living by 9.2% during the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after purchasing an additional 2,697 shares during the period. Lazard Asset Management LLC increased its holdings in Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after purchasing an additional 2,790 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Brookdale Senior Living by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after purchasing an additional 3,390 shares during the period.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.